Appraisal template in word (or) excel?

[Tim The Enchanter]

There are no listing service available, the value is adopted for building on square feet basis and the land value is adopted by making local enquiries, I hope i could have cleared your doubts,

Soman, now you make me curious.
So is your main approach to value the cost approach? How about the sales comparison? Is the sales market active, mortgage market?
I have nothing in Excel or Word, but it should not be too hard to find the appraisal forms used here for most residential work, and probably some samples. If nothing else download a trial version of WinTotal or other software. :wink:

 

[soman somu]

Thank you for replying, I am not offended well in India also, valuer are isolationists.... who do not share anything with fellow valuers,

Yes we follow mostly cost approch menthod for buildings in valuation, But for land we adopt saled comparision method, here very few instituition (or) bank demand report in particular format of their own,But mostly it is valuers decision, here we dont have any software for preparation of valuation report, just type the matter in word and give it, also everything is hard copy, No PDF files or electronically submitting,we have to go a long way to catch up with you guys

to Lee in L.A.
well sales market is active, but they dont require valuation report as per our country rule

mortgage market: well it exists and valuation for bank & financial instituition is our main business

to Dan Leggett

I dont value any properties in USA(or) dont have any intention or source to do it, I am regular surfer of this forum and this is only forum on net somewhat similar to my profession i had an natural interest in it, In my interest to improve my profession i asked u r help

 

[Dan Leggett]

Thanks for the reply. Most residential appraisers use commercially available software packages for generating industry standard formats and the accompanying forms, addendums, attachments, etc.

For narrative formats I use WordPerfect for the wordprocessing, MS Excel for my spreadsheets, & MS Access for my database. Due to the "nature of the beast" of narrative reporting, my templates are in a perpetual state of revision and usually need altering to account for each unique componant of each project.

The best advice I can offer is the "F1" key. Also, there are several pre-defined templates already built-in which, although they may not apply for your particular needs, will at least give you a guide on how to construct one to suit each of your projects. Don't forget the 'Wizards' that most applications have built-in. Once you "dive in" you should be able to construct whatever you need with minimal effort.

One thing I discovered real quick, MS technical manuals are for technical people, which I am not, don't be intimidated by them. Find a third party publisher that offers an instruction guide written for laymen.

 

[KD247]

Welcome Back Soman,

I've prepared Excel templates for specific appraisal problems, but they would not be of much use to you. Most residential work in the U.S. is performed using specific forms. Have you reviewed the forms we use? They may provide some inspiration for your reports.

If we could see an example of one of your appraisals, or at least get a rough idea of your methodology, perhaps we could contribute something of value. There is one appraiser who is using Excel as a platform for our forms. Perhaps he could provide a template that could be modified.

Although I have little to offer, I'd be glad to share what I have. Feel free to e-mail me at koert@pierpont.com .

Regards,
Koert

 

[Farm Gal]

Soman:

My apologies for sounding suspicious. I definitely never intended to sound harsh! I think most of the above posters have addressed WHY my questions.

I think Koert's question well done: if you could indicate or show us what your 'typical' work looks like we may be able to assist you. There are several individuals who do something like what you describe, but since in YOUR land (where lifestyle is so different than here in the States), and both residential and commercial real properties are built with a very different intent, the factors which determine value would differ greatly! My sister-in-law visited your country for a two week period last year, living with individuals the whole time not hotel stays... She came home with photos and stories which I found fascinating, but which definitely indicated a difference in the typical mid to upper economic family home and lifestyle!

You can e-mail myself or anyone else who posted and we will do what we can to guide you, but I fear you will find that the only way to build templates such as you describe is to build them to suit your purpose throug trial and error and reworking!.

Regards,

Lee Ann

 

[Ted Martin]

Soman Somu,

Based on your posts I think the best source for the templates you need would be an English or Asian appraiser rather than a US appraiser. It appears that your banking system is more depnedent on the repayment ability of the borrower (a cashflow lender) where ours places a greater emphisis on the underlying collateral value to secure the loan. Your primary value tool appears to be the Cost Approach where ours is the Market (Sales) approach. Our lenders and a large number of appraiser's here do not put much weight in the Cost approach as a method of value. How do you deal with depreciation? In my market, depreciation is more heavily influenced by style and fashion than by the actual phyical life of a structural element. Take for example floor coverings, mostly carpet and vinyl in my market. It is not uncommon to find wall to wall carpet that is ten or fifteen years old but which shows no wear and is near new in overall appearence which will detract from a properties value because of the color or the cut of the pile. Under the value system that you describe it doesn't appear that you measure the markets reaction to this type of situation.

When you are estimating the value of the land, if it is an improved parcel where the existing structure is demolished how do you deal the the cost of the demolishion.

Is real estate taxed in India, and who assigns the tax value?

 

[Dale Smalley]

You can easly mimic the fannie mae and URAR forms in excell. We dont use the cost approach or quanty survey method very much just the sales comparision. I use some excell for reviewing to check the math and percenatages. The other quick excell form I use calculates the $ per Square Foot for each property. Then I have fields that uses an average $ per square foot x the square footage of the subject. Also I have a user field that I can choose what number is most similar. Very simple stuff

 

[soman somu]

well thank u ted,

What u have said is correct, here we follow cost approch method only and give more weightage to the life of the structure and not very much consider the style & fashion, also calculate the depriciation value based on the total life of building,

for Land we just make local enquiry and consider the location and based on assumption we adopt the value / sq ft

well realestate are taxed in India, but it is primarily done by non-technical govt staff in the clerical grade

 

[Tejus]

Soman, I suggest you review the recent post titled "Results of Appraisal SW Package Evaluations". It provides first hand info on your question.

I've already implemented the forms I use in Excel. The forms are nice to have but the real problem is managing and integrating the information. For example, I recently added hooks so I can download and merge MLS data directly into my appraisal report. I also generate a customized Comparable Property MLS Addendum complete with thumbnail photos from MLS. This reduces human copy errors, typing time and manually generated addendums. You need to evaluate your environment and determine the best way to manage and integrate your data.

Don't worry about your specific forms or appraisal methods at this time.
Concentrate on understanding your problem first, then pursue a solution.
Once you understand the problem, you can customize your implementation to meet your needs.

If you cannot perform the excel implementation yourself, then I suggest contacting a local sw house to do so. I know your country has many qualified people who can do this for a reasonable price. Is the TaTa group still active? Ensure you fully understand your problem before trying to explain it to somebody else. Plan on spending time with the developers to resolve issues as they arise.

Bit of advice, use Excel rather than Word. I originally thought Word would be better, but am convinced now that Excel's data management benefits far outweigh Word's text management benefits. I may still use the Word speech recognition to convert my Field Inspection notes from a tape recorder to text, there are certain technical limitations in excel when doing this.

Feel free to contact me if you have questions.

cheers.

 

[EDWARD BERRY]

Soman,

I understand your problem.

At least you have some data on cost of materials.

We are trying to do some appraisal work in Russia and have VERY little cost data.

If someone has not mailed you a copy of the Marshall & Swift procedure you can contact me at <berry@ipa.net>

ed in Arkansas, who believes in the COST APPROACH.